Tuesday, Jul 22, 2008
Wachovia reports $9 billion loss
CNN: Wachovia reports $9 billion loss
Nation's No. 4 bank misses analysts' forecasts and cuts dividend, but insists it is adequately capitalized. bit like B&B and NR did? they are all liars.....
Posted by mark @ 01:44 PM (297 views) Add Comment
2 Comments
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1. icarus said...
"they are all liars" - yes, and the more they insist that everything is under control the more you can be sure that it isn't. It's in their interest to say things like that and to release any bad news in small doses and as late as possible. That's why you always know that things are worse than they seem.
2. Whostolemyendowment said...
Reuters.....Wachovia loses $8.86 billion, slashes jobs
http://uk.reuters.com/article/innovationNews/idUKWNAB160920080722?rpc=401&